TGS ASA 2020 AR2
The report details TGS' financial and operational performance for the fiscal year 2020, highlighting its resilience during the COVID-19 pandemic and oil price collapse. TGS implemented significant cost-cutting measures, reducing cash operating costs by 58% year-over-year in Q4 2020. The company launched its New Energy Solutions initiative to leverage its subsurface data expertise for renewables, carbon capture, and geothermal energy. TGS also announced an ambition to achieve net-zero Scope 1 and 2 emissions by 2030. Additionally, the company maintained its commitment to returning value to shareholders through dividends and share buybacks despite a challenging market.
Company: TGS ASA
Sector: Energy
Country: Norway
Year: 2020
Type: AR2
Pages: 157
TGS ASA
Annual Report
The report details TGS' financial and operational performance for the fiscal year 2020, highlighting its resilience during the COVID-19 pandemic and oil price collapse. TGS implemented significant cost-cutting measures, reducing cash operating costs by 58% year-over-year in Q4 2020. The company launched its New Energy Solutions initiative to leverage its subsurface data expertise for renewables, carbon capture, and geothermal energy. TGS also announced an ambition to achieve net-zero Scope 1 and 2 emissions by 2030. Additionally, the company maintained its commitment to returning value to shareholders through dividends and share buybacks despite a challenging market.
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Document Details
Report Year
2020
Reporting Period
Jan 1, 2020 - Dec 31, 2020
Fiscal Year
2020
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Scope 3:
Energy Consumption
Women in Management
Workplace Fatalities
Net Zero Target
Employees